Understanding the complexity of institutional change is a necessary step in gaining deeper knowledge of economic performance over time, and it is one of the main challenges in the research agenda of institutionalism. Institutional change can be studied using a variety of theoretical approaches....

Recently, some papers have been published that examine the relation between economic history and institutional economics, and propose a closer relation between these two disciplines. This article shows how the theoretical and methodological foundations of the different institutionalist programs...

Recently a new approach to political economy has been consolidated. The political analysis of transaction costs is an attempt to solve some of the problems which arise in economic theories of public policy. This paper deals with the notions of transaction costs, institutional efficiency,...